The Feds has given the official green light for inflation overshoots and the incessant money printing will likely continue for now.
Gold has been in consolidation since the start of August looks to have broken out of the consolidation with a strong move above the 1960-1970 resistance. It has been able to hold onto the 1920-1930 support with breaks below it...
USD/CHF has rebounded away from the 70 RSI overbought level on the daily time frame and has rebounded from the trendline on the daily time frame.. On the H4 time frame, a head-and-shoulders pattern is forming.
Possible entry points:
1) On market open on 05/11/2018 when H4 shows any bearish candles, indicating that the latest circle on the H4 chart above is a...
NZDCHF has touched overbought RSI territory and has comfortably rejected the 78.6 Fibonacci retracement level. Price is now sitting just under a minor resistance level of 0.6670.
As far as the H4 time frame is concerned, the last two candles were shooting stars, indicating selling pressure.
Possible entries:
1) Immediate sell on market open on...
